Working with us

China

Evaluating the market in China

EDC is committed to supporting Canadian exporters and investors doing business in China. We will continue to monitor the market closely and consult with our partners on the ground to stay up to date on any new developments. We encourage Canadian companies seeking information on doing business in China to contact EDC at 1-800-377-1228.

EDC Position

Open

What this means:

Actively pursuing business

All EDC solutions are available in this market, subject to regular approval criteria

How does EDC determine the position?

EDC takes the following into account when determining the position in a given market:

Government of Canada restrictions

Political, human rights and corruption risks

Other factors that may be taken into consideration are: size of the economy, diversification of the economy, risk of natural disasters

Risk Rating

Low Risk

What this means:

The Commercial Country Ceiling (CCC) Risk Rating is measured from low to high, and is meant to represent the best possible rating that can be assigned to a commercial business (obligor) in a country.

How does EDC determine the risk rating?

The CCC risk rating is impacted by the Sovereign Probability of Default (ability and willingness to honour financial obligations), political risks, and other mitigating or worsening factors.

Business environment in China

China is one of the world's largest economies and a top export destination for Canada. With its large domestic market and globally integrated supply chains, China continues to attract strong interest from foreign investors. As production cost continues to rise, the government is taking steps towards developing a more service-oriented and domestic consumption driven economy that is less susceptible to shocks in global demand. China is investing heavily in AI, automation and advanced manufacturing as its industries move up the value chain. This presents new opportunities for Canadian business. Partnering with local companies is a key ingredient for success. While China presents many opportunities in a number of sectors, it is important that Canadian exporters and investors conduct the necessary due diligence prior to entering the market in order to effectively navigate the legal, regulatory and bureaucratic obstacles that are present in the business environment.
EDC serves Canadian companies in China through our local representation in Beijing and Shanghai.